Country in ‘white’ list of tax standard-compliant states THE PHILIPPINES has been raised to the “white list” of countries complying with an Organization for Economic Cooperation and Development (OECD) tax information sharing standard.
The Department of Finance (DOF) is amenable to reviewing the current law on the so-called sin taxes, which could help raise additional revenues for the cash-strapped government. Finance Secretary Cesar Purisima said he will support a review of the present structure of sin taxes, which are basically levies imposed on alcohol and tobacco products.
Championing tax laws can have serious repercussions for a politician. Take Sen. Ralph Recto, for instance. In the Thirteenth Congress (2004 to 2007), Recto as chairman of the Senate Committee on Ways and Means, sponsored numerous revenue measures, the most controversial of which was the Reformed Value-Added Tax (RVAT) law that increased the VAT from…
As the value-added tax (VAT) on road toll has been put on hold by the Supreme Court—and since the court could make this temporary restraining order against “a tax [the VAT] on a tax [the toll]” permanent—the Department of Finance (DOF) is looking for other means of raising additional revenues through the government’s other line…
Persons inheriting homes from deceased parents or relatives usually are overburdened by the estate tax which they could ill afford. Because of inability to pay the estate tax, some heirs are focused to sell their inherited property.
MANILA, Philippines – The Department of Finance and the Bureau of Internal Revenue (BIR) are drawing up a list of all licensed professionals to find out who among them are paying the right taxes.
March –
IT’S WOMEN’S MONTH!
“Respect and support women
every day of the year/s!”
Invoke Article 33 of the ILO Constitution
against the military junta in Myanmar
to carry out the recommendations of the 2021 ILO Commission of Inquiry
against serious violations of protocols of
Forced Labour and Freedom of Association.
Accept the National Unity Government (NUG)
of Myanmar. Reject Military!
#WearMask #WashHands
#Report Corruption #SearchPosts #TakePicturesVideos
Monthly Observances:
Women’s Role in History Month
Weekly Observances:
Week 1: Environmental Week;
Women’s Week
Week 3: Philippine Industry and “
Made-in-the-Philippines Products Week
Last Week: Protection and Gender-Fair Treatment
of the Girl Child Week
Daily Observances:
March 8: Women’s Rights and
International Peace Day;
National Women’s Day
March 4: Employee Appreciation Day
March 15: World Consumer Rights Day
March 18: Global Recycling Day
March 21: International Day for the Elimination
of Racial Discrimination
March 23: International Day for the Right to the Truth
Concerning Gross Human Rights Violations
and for the Dignity of Victims
March 25: International Day of Remembrance of the
Victims of Slavery and the Transatlantic Slave Trade
March 27: Earth Hour
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